Ordinance of the Swiss Financial Market Supervisory Authority on Collective Investment Schemes

¹In ad­di­tion to the in­form­a­tion set out in Art­icles 35a and 62b CISO¹, the fund con­tract or in­vest­ment reg­u­la­tions of a feed­er fund or feed­er sub-fund shall in par­tic­u­lar con­tain the fol­low­ing:

a.

a state­ment that the fund is a feed­er fund which in­vests at least 85 per­cent of its as­sets in a spe­cif­ic mas­ter fund;

b.

the name of the mas­ter fund;

c.

the in­vest­ment ob­ject­ive and the in­vest­ment policy of the mas­ter fund;

d.

the nature, amount and meth­od of cal­cu­la­tion of all re­mu­ner­a­tion as well as in­cid­ent­al costs that res­ult from the in­vest­ment in the mas­ter fund and that are per­mit­ted to be charged to the fund as­sets or the in­vestors;

e.

a state­ment that the fund con­tract or in­vest­ment reg­u­la­tions, the pro­spect­us, the key in­vestor in­form­a­tion doc­u­ment, as well as the an­nu­al and semi-an­nu­al re­ports of the mas­ter fund may be ob­tained free of charge;

f.

a state­ment that the feed­er fund may con­tin­ue to ex­ist after the dis­sol­u­tion of the mas­ter fund or after mer­ger, con­ver­sion or trans­fer of the as­sets of the mas­ter fund up un­til the ap­plic­a­tion is ap­proved pur­su­ant to Art­icle 63 or 64.

²In ad­di­tion to the in­form­a­tion set out in Art­icle 106 CISO, the pro­spect­us of a feed­er fund shall in par­tic­u­lar con­tain the fol­low­ing:

a.

a state­ment that the fund is a feed­er fund which in­vests at least 85 per­cent of its as­sets in a spe­cif­ic mas­ter fund;

b.

a de­scrip­tion of the mas­ter fund in­clud­ing the in­vest­ment strategy and risk pro­file;

c.

a sum­mary of the most im­port­ant con­tent of the agree­ments on co­oper­a­tion and du­ties of dis­clos­ure con­cluded in ac­cord­ance with Art­icles 58, 61 and 62;

d.

the loc­a­tion from which fur­ther in­form­a­tion about the mas­ter fund and the agree­ments on co­oper­a­tion and du­ties of dis­clos­ure con­cluded may be ob­tained free of charge.

³The an­nu­al re­port of the feed­er fund shall in­dic­ate the loc­a­tion from which the an­nu­al and semi-an­nu­al re­ports of the mas­ter fund may be ob­tained free of charge.

⁴The mar­ket­ing doc­u­ments and the key in­vestor in­form­a­tion doc­u­ment on the feed­er fund shall in­clude a state­ment that it is a feed­er fund which in­vests at least 85 per­cent of its as­sets in a spe­cif­ic mas­ter fund.